Uniswap releases UNI governance token

Leading decentralized exchange (DEX) Uniswap has released the UNI governance token. He was listed on the Binance exchange almost immediately.

The total emission of UNI will be 1 billion 60% allocated for the community – they will be distributed over four years. At the time of writing, Uniswap has already allocated 15%.

The team, current and future employees, will receive 21.51% through the vesting program. Another 17.80% was allocated to investors, and 0.069% to project advisors.

In four years, the inflation mechanism will kick in – its annual rate will be 2%.

Binance added UNI to its listing an hour after its release, and Changpeng “CZ” Zhao warned of extremely high volatility.

According to Cointelegraph, about 13,000 Uniswap users have already requested tokens. High demand has led to a sharp rise in fees on the Ethereum network.

Uniswap previously lost 70% of its liquidity due to a migration to the rival SushiSwap protocol, which attracted liquidity providers by distributing the SUSHI governance token.

After a while, Uniswap returned to first place in the DEX segment.

Be the first to comment

Leave a Reply

Your email address will not be published.